It really depresses me when I read the posts of some very desperate people who want to learn to trade Forex. I really don’t know who on this forum is profitable but everyone seems to be giving advice that if you read all of the educational material it will all become clear. Now, this is what I don’t get … If everyone reads the same material yet 95% of traders lose money then what is the point of it, it’s obviously flawed. That was the question I asked myself when I started learning about Forex and decided instead to find my own way.
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So according to your other thread you and your partner are already profitable but “don’t have any money to “invest””
Why then do you feel the need to be involved on a “beginners forum” - such as this ?
I just don’t get it ! 
You’re suggesting that only unprofitable traders should involve themselves in this forum?
Quoting my introduction message doesn’t answer my question. I used to have a business and if something wasn’t working 95% of the time then I’d have to address it.
[quote=“Barrigan, post:1, topic:146521, full:true”]That was the question I asked myself when I started learning about Forex and decided instead to find my own way.
[/quote]
I think this is the critical point when a newbie trader becomes an intermediate trader, and starts exploring on their own. Trading isn’t like most other fields, where knowledge is openly available. Instead, with trading, most profitable traders jealously guard their knowledge, since it’s their source of edge. You can learn the basics from sites like Babypips, but Babypips alone won’t give you an edge (at best, it might slow your bleeding to a trickle, once you learn money management).
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95% of new traders lose because 95% of new traders haven’t understood what to do, only how to do it.
So they understand how to read charts and use indicators. They know how to make a deposit and how to open and close positions.
But 95% of new traders will also say that the only style of trading that can be seriously profitable while having a low risk is day-trading. And 95% of new traders will look at an uptrend and try to find a place to get short.
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I would wager that most members here dont. Most of what I learned was from the school here, then interactions with other members. So many on here make little or no effort at all before they start trading, its frightening.
Just look at the posts, not just from complete newcomers but from people who have been here several months, asking the same basic questions (what is a pip, what is OHLC) or worse still passing their “knowledge” on to others
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no? lol people read stuff all the time without really paying attention and gaining an understanding of what they’re reading. So why would you think its pointless to read the babypips school lol
Hi justshell,
I absolutely don’t think it’s pointless, people should read as much as possible about the subject and then make a judgement on what will work for them followed by a demo account and lots of practice. I’m not a good student of written material personally as I prefer to learn hands on. My logic was that if 95% fail and they’re reading this stuff I would probably fail too. I was lucky, I found something that worked for me but I had many demos going for ten months before it all clicked into place.
Hi Barrigan
How would you know that what worked for you … would also be workable to others?
I have read your post “A profitable opportunity” and now this one.
If you are so eager to teach or help the novice traders, why didn’t you share your profitable / successful trading strategy to the BP community as yet despite their repeated advice?
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Hi sufshiken,
Thanks for your reply, I was a bit of a lurker, reading posts and had no intention of teaching my strategy. However, after seeing how desperately some people had tried and failed I thought what harm would it do to let someone in on the way I trade. I wouldn’t post the details because of the know it all’s who would inevitably drown out the strategy with nonsense. I have learned my lesson though and it’s a shame.
You didn’t respond to my question.
If you are not willing to post the details of your strategy then what is the purpose of your posting at BP forum?
Whether you are telling us that the course of Pipsology is useless and whoever learn it, he/she would be fall in the category of 95% failure traders?
Why don’t you use some other platform, your website/blog or social media for your noble cause of helping some desperate people or traders?
I would suggest you not to waist your as well as our time and do some constructive work here at BP forum.
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Hi again,
The strategy works for me, I was willing to share it and it may have been valuable to someone else. Who knows?
The purpose of posting my offer was to help someone.
My own opinion was that if 95% are failing then something is very wrong.
Why not use another platform? I have indeed learned my lesson and am still replying to comments on my open topics but, you’ll be glad to hear I won’t be starting any more.
You dont become successful by learning as many ways to profit in theory.
You become successful by learning as many ways to lose first hand.
A trading education wont make you profitable.
It will however act as a foundation to stand on and build from while you pay your dues and learn from your losses.
The key is to keep your head above water long enough to learn the lessons.
The 5% were once newbies, beginners, and novices too.
They just managed to stick around long enough to get to the profit.
Happy trading to all 
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[quote=“Barrigan, post:12, topic:146521”]
The strategy works for me, I was willing to share it and it may have been valuable to someone else. Who knows? The purpose of posting my offer was to help someone.[/quote]
So what do we actually have here, @Barrigan?
You make it hard to assess since you have offered nothing concrete for anyone to evaluate your claims. Your desire to help the 95% who lose in trading is an admiral ambition - but your insistence on only doing this via private mentoring is not.
First you say:
But then you add:
So the only avenue to your strategy is through direct private contact to you. But that is called soliciting and you have already been officially warned by a moderator that:
[quote=“Pipzilla, post:13, topic:146594”]
…a reminder, by asking members to go off site to teach your strategy, it will be considered as a violation of our Forum Rules as Solicitation. If you’re not yet familiar with our Community Guidelines, we suggest you go over it.[/quote]
The site moderator also confirmed that the correct way to deal with this on a public site is to publish your method publicly:
So what do we know about you? This is what you have told us so far:
Your background:
[quote=“Barrigan, post:1, topic:146594”]
I’m originally from the UK, now living in Portugal. My partner and I moved here for a simpler life, she still works in England whilst I’m (attempting) to build a house and looking after our many animals. I’ve never been out of work and was looking for a way to earn an income in a foreign country. Eventually I came across Forex and decided to see what it was all about.[/quote]
Your trading history:
[quote=“Barrigan, post:3, topic:144542”]
… I spent about ten months on a demo account to find and perfect a profitable method. I’ve been trading live now for three months and have doubled my original capital. My system was not perfect initially, I had a downdraw of 70% which I’ve now addressed through better money management. [/quote]
So during a 10 month period of demo trading you managed a 70% drawdown. And since trading live for three months you have now doubled your capital using better money management …
Your trading experience:
So in 3 months of trading and using better money management and using just 0.01 lot position sizes you have now doubled your capital and even withdrawn your original stake.
Your problem situation now :
[quote=“Barrigan, post:1, topic:144542”]
My problem with forex is slightly ironic, being the opposite of most poster’s problems … I have a sound, working system but very little to invest. [/quote]
[quote=“Barrigan, post:3, topic:144542”]
…and a house to build in Portugal…[/quote]
Your reason for doing this:
[quote=“Barrigan, post:1, topic:146594”]
What’s in it for me? … Nothing, unless you’d like to help put a room on my house with your winnings.[/quote]
I can’t help wondering if that is exactly what any Newbies will actually end up doing…but I suspect it will not be from their winnings…?
Your offer:
You could - by posting publically…and if it works as well as you claim then it will stand up to any critique from fellow traders here- and, one would think, you would actually be appreciative of that?
As far as I can see, you have posted nothing about your method, or its results but, let’s assume here that I am a totally virgin Newbie, please tell me, if I were to contact you privately for you tuition (and thereby cause you to breach site regulations), do I receive:
a) The method details to trade for myself? (at the risk that I might even publish them here)
or, as one might suspect, (to protect the secrecy of your method):
b) An invitation to transfer my funds to you for you to trade on my behalf?
With your concern for the losers in this field, I would expect that you would agree that, unlike in other fields of human endeavour, in the interests of protecting the näivity and gullibility of Newbies, the only ethical approach towards such offers of free private mentoring in forex is:
“Guilty until proven innocent”:
I hope you will understand that others here also share your own concern about unethical practitioners in this industry and that there is a need to substantiate one’s claims - I have seen no evidence of that here yet. All we have from you so far is a brief, three-month trading record with microlots and a shortage of personal capital to move forward - and a blank refusal to publish any details of your method or results.
Maybe you could/should expand a little more?
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I think you make an interesting point. Unfortunately a good number of the ‘successful traders’ on here are lying to you or vastly exaggerating their profit levels, that goes some way to explain the discrepancy. Another point is that trading is a skill more like an art form than a hard science so talent and experience play an important part, that is why two people can read the same literature and one of them becomes successful whilst the other does not.
There are lot of factors at play; the raw market analysis, emotion, luck.
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Lol @anon46773462. Well he might have a very small account balance a couple wins with 0.1 lots might just double the account.
Mathematically, of course.
But the issue here is not about mathematics.
If you had started a live account with, as you say, a “very small balance” and doubled it in 3 months would you then withdraw your original balance. leaving you once again with only the equivalent of your original “very small balance” to continue your trading with? …and start to advertise private mentoring, whilst refusing to publicly provide any details of your trading approach or track record?
Would you do that after only 3 months live trading? Would you not be so excited with your results that you would concentrate on continuing to grow your balance so that you could trade bigger size? - especially if you were so confident that you would consider even mentoring others?..after only 3 months? Would you expect anyone to treat that with anything other than skepticism?
Of course, there are any number of possibilities here, and it may well be that here is the opportunity of a lifetime to take advantage of the offered private mentoring…or, on the other hand…
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Yeah it’s most probably not true or exaggerated…I guess he is excited about a good performance and wants to cash in on it somehow. I say formalise what you’re doing into a fund and build your track record, if you can really knock it out of the park with your performance the money will chase you, there are many ways to legitimately attract investment, but it will take good performance over a sustained period.
People on here will be far too skeptical to find the money you need, their experience are negatively coloured by the plethora of scammers and or well intended but unproven traders that your frequently find here.
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That, unfortunately, is true, both here and across the internet in general.
To be fair, that is exactly the reason that @Barrigan gave for not wanting to post anything here about his method or results - because it would be met with scorn and derision. He even mentioned that genuine offerings should be somehow identified with some kind of authentification badge,
If one seeks financial services from a bank or pension fund etc, there are regulatory requirements concerning how and what services are recommended depending on one’s circumstances. Unfortunately, there are no such external and reliable requirements covering the kind of offerings we come across in this environment 
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Hi @anon46773462,
In the US, forex is regulated by the CFTC and NFA, and the NFA website provides information on how an individual or organization must register to provide forex trading services including the requirements they must meet: Registration and Membership | NFA